Wave of unemployment soon to hit UAE
With recession in Europe and US getting worse from bad, companies in the UAE plan to rightsize to cut costs and stay in business. This will bring a new wave of unemployment to the shores of Dubai as well.
Jobs in Abu Dhabi’s construction industry are likely to be the most affected as state-backed firms reassess their budgets.
The UAE was dealt a blow by the global economic crisis in 2008, which saw property prices decline by around 60 percent as banks curtailed their lending and speculators left the market.
Categories: Business in Dubai, Living in Dubai Tags: Abu Dhabi, Construction, Jobs, Recession
Emirati Bloggers facing prison charges in Abu Dhabi
You can’t say your mind in UAE, even if you are an Emirati.
The group of Emirati bloggers, including Ahmad Mansour Al Shehi, Nasser Ahmad Khalfan Bin Ghaith, Fahd Salem Mohammad Salem Dalk, and Hassan Ali Al Khamis are facing prison terms on charges of endangering the UAE’s security and undermining the public order. They are being trialled in Abu Dhabi behind closed doors.
Meanwhile, scores of Emiratis, holding banners and flags and wearing vests shouted slogans to support the UAE leaders and condemning the bloggers outside the Federal Supreme Court.
Categories: Living in Dubai Tags: Abu Dhabi, Bloggers
Breaking: Horrible Accident at Shahama, Abu Dhabi
This just got in, exclusive for DubaiExpatBlog readers.
A horrific accident happened at Shahama, Abu Dhabi.
Over 100 vehicles collapsed into each other due to fog and low visibility. The exact place of accident is yet not known but it is somewhere near the last ADNOC station towards Dubai.
Fortunately, relief and support activities have already started.
Update: Zeeshan says it happened at AL Rehba second interchange.
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Expats Perplexed on Expensive Childbearing in DubaiCategories: Living in Dubai Tags: Abu Dhabi, ADNOC, Shahma
Dubai one of fastest falling yet most expensive office markets of the world
Dubai has earned two distinct and inverse accolades as it has been declared the fastest declining commercial real estate markets in the world in 2009, while still remaining as one of the most expensive along with neighbor Abu Dhabi.
Dubai office rents plunged 34 percent during the year due to the impact of the economic downturn, the third-biggest decline out of the top 50 markets behind Singapore and Moscow, consultancy DTZ Research said in its annual report.
The city slumped out of the top 10 most expensive cities in the world for commercial property to No. 11 from No. 3 in 2008, DTZ said.
Categories: Business in Dubai Tags: Abu Dhabi, Office, Tokyo
Low paid Dubai expats struggling to access healthcare
Dubai is failing to keep pace with neighbouring Abu Dhabi on healthcare reform, leaving its low-wage expatriates struggling to access basic medical treatment, a new report has found.
The gap in the emirates’ healthcare systems is also impacting the businesses of key stakeholders such as insurance and pharmaceutical firms, said analysts at Datamonitor International.
In 2006, Abu Dhabi introduced compulsory health insurance for all residents, a move Dubai planned to copy last year with the roll-out of its own health plan. However the scheme was suspended amid the credit crunch and no new timeline has been established.
Categories: Health, Living in Dubai Tags: Abu Dhabi, Health Card, Healthcare
Will there be a merger between Emirates and Etihad?
Emirates and Etihad airlines symbolize Dubai and Abu Dhabi, how one is all glorified, mostly in self-inspired awe and admiration, hiding the defects and weaknesses under the rug, and how the other is professionally catching up, one systematic step at a time.
According to ArabianBusiness, the UAE’s population of just over four million people is nowhere near big enough to sustain two such large airlines.
Categories: Business in Dubai Tags: Abu Dhabi, Dubai, Emirates, Emirates Development Bank, Etihad, Jabel Ali
RTA launces luxury coaches on Dubai – Abu Dhabi Route
Dubai Roads and Transport Authority (RTA) launched an initiative that is going to ease travel expenses of recession-hit expatriates.
According to Khaleej Times, The Public Transport Agency (PTA) of the Roads and Transport Authority (RTA) inaugurated the much-awaited Deluxe Coach bus service between Dubai and Abu Dhabi.
Essa Al Dossari, the CEO of the PTA, said 10 Coach buses would ply on the route in the first phase. Eventually, there would be 55 buses on the route. The one-side fare is Dh20. Initially, these buses will transport passengers to the capital and Al Ain and the service would be extended to more areas in the coming phases.
Categories: Dubai Transport, Living in Dubai Tags: Abu Dhabi, Al Ain, RTA